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. >>> fueled by a weaker yen and strong sales of cameras in the u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since december 2009. on a downward trajectory. it's not germany where the final composite was 54.4. it's the periphery still. france's final january pmi falls to 46.1. >> france is where the concern is. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that'
for a chance to apply for asylum in greece. >> we slept in the stores because the police came to look for us every day. >> world leaders deny there is a global currency war. are all the major powers secretly devaluing? inventors often are not rewarded. >> people who are supposed to run our innovation units treat me like dirt. >> when it comes to refugees and migrants, agrees is the front door of europe. at one point, 300 people a day were crossing greece's border with turkey illegally. on mass roundup was 70,000 people picked up off the streets in six months. these are the figures, but behind them, he minute stories. we have one man's account of his journeys through the system. this was the biggest textile factory in greece. today, it lies abandoned and is famous for something else. felt here a year ago, hundreds of migrants were squatting in the factory, desperate to get out of a greece. >> it does not feel like europe. this is no europe. >> my guide was this man. a moroccan living in the factory. place,en, as we left the i never expected to see him again. today, at the factory looks quiet,
, this was very important for us to stay in positive risk environment. >> hans, we're seeing the response to the upside now. second highs, 1.32. are you sticking by your thoughts that it is still heading towards 1.30? >> we have to make it clear that in the next quarter or two the euro has upside potential and not downside potential. then the longer prospect for the euro is still very swb very negative. why is this euro overshoot taking place? it has a lot to do with the increasing negative correlation with the yen. so the euro is the anti-yen. that implies that when we were seeing the yen coming under selling pressure, japanese investors, where are they currently investing? investors are investing in fixed income. in many cases, very little yields left so that actually means the peripheral of europe sticks out. you need to have some preconditions. the most important, the yen has to stay weak, but secondly we should not run into any politically motivated problem with the euro. that would be a killer for that type of trade. >> and on that note, the european commission today is due to relea
-japanese protests started causing a protest of japanese protests and those who use them. and the protests are so bad that a chinese man made the simple mistake of driving a japanese car in a chai neads city of chian and was beat sewn badly he is paralyzed. this week, a chinese minister accused a japanese vessel of target i targeting the radar on a japanese ship off of the islands, but the chinese officials are disputing it happened. now think about this, the world's second and the third largest economies playing chicken in the pacific over a dispute of uninhabited islands, but if this diplomatic disagreement were to escalate into a military obligation, the united states would be obligated by the 52-year-old treaty obligation to help the sovereignty of japan, and does that mean that north korea would come to the aid of china, but it is a quaint and admittedly alarmist experiment, because that is not how foreign wars are conducted anymore. next month marks the 10-year invasion of iraq, and the last conflict that we can think of conventional war that claimed the lives of more than 4,000 americans and b
of 87 of 75 against the euro, as well. darren maher joins us. there's been quite a big move already in sterling before this announcement, one wonders actually whether the ratings downgrade, now it's on a stable outlook, is perhaps the end of the weakness in sterling. >> i suspect not, to be honest. we can talk about it being a move and certainly over the last couple of years, there has been a big shift in cable. frankly, this has been a relatively small move. we can't say as of yet it's overshoot. i don't think the market will take great solace that we're now in a stable outlook from moody's because i think everybody recognizes the uk is still fragile and the growth position is more fragile, so i think more down side is possible. >> but what is in the price, darren? >> i think from this point forward is how much slippage do we get. i would say it's more what's in the price and what's in the price for sterling is the market has given the uk a lot of good will that it will be able to mix this wonderful growth of austerity. i think what the market is now doing is reappraising that. tha
from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily least, there's the civil revolution leader and former public prosecutor antonio ingrola. >> only in italian politics.
is being remembered right now. more on that later. gregg, thank you for being with us today. >> my pleasure. martha: we'll see you back here tomorrow and "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the little boy at the center of the hostage drama, tense negotiations to get him free and the high-tech surveillance equipment now helping investigators. >>> also the troop drawdown in afghanistan. new reaction from inside that country. what the afghan people fear might happen when u.s. forces leave. >>> plus, lights out at the super bowl. did you catch this? a power outage putting the big game on hold for more than a half an hour. what was the behind the blackout? jenna: let's not jinx anything. we need our lights. jon: we do. it is all "happening now." jon: first up today, that terrifying hostage situation in alabama now in its 7th day. good morning to you. i'm jon scott. jenna: what a story. good morning everybody, i'm jenna lee. drones are now flying over that underground bunker where police say jimmy lee dykes is holding a 5-year-old boy
this carney testimony? joining us is sophie wynn. how much expectation is built into the pound ahead of this? the expectation is he's going to come in and be fairly dovish. it's a risk that he isn't and, therefore, the pound strengthens. >> we think that the market may be disappointed with the announcement. we don't think we are going to hear anything radical on this statement by the upcoming governor. >> why? >> well, basically, i think, you know, the expectations are that the ecb is going to go for a nominal gdp target at least for some time. and we think the risks are too much for them to -- for the government to pursue these sort of bodies. he will entertain -- before going for this. >> the bank of england will be under some pressure. currencies don't act in a vacuum. so as we see other potential moves to weakening currencies around the globe, we're at 1.5668. where might this pair be headed, then, if you're not expecting carney to come in and immediately talk or wind up having effective currency lower? >> we think the guarantee should weaken readily. we don't think the currency will be,
reaction from inside that country. what the afghan people fear might happen when u.s. forces leave. >>> plus, lights out at the super bowl. did you catch this? a power outage putting the big game on hold for more than a half an hour. what was the behind the blackout? jenna: let's not jinx anything. we need our lights. jon: we do. it is all "happening now." jon: first up today, that terrifying hostage situation in alabama now in its 7th day. good morning to you. i'm jon scott. jenna: what a story. good morning everybody, i'm jenna lee. drones are now flying over that underground bunker where police say jimmy lee dykes is holding a 5-year-old boy hostage. the boy has asperger's syndrome and is said to be as comfortable as possible. it all began when the suspect allegedly boarded a school bus, demanding hostages. police say he shot the driver when the driver tried to intervene. that driver, charles poland, was laid to rest this weekend. investigators say besides careful negotiations, dykes is showing very few signs that he is willing to end the standoff. elizabeth prann is live in mid
meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin has posted a steep fall in earnings for the first time in the year. the australian mining giant announced change at the top after the 43% drop in profit. we have more on this report from sydney. >> reporter: the surprise at bhp, billiton's ceo mariu marius kloppers announcement coming earlier than expected. >> coincided today with a weaker pricing environment. but two totally unrelated events. >> reporter: he will be replaced by andrew mckenzie, current head of bhp's middles division. he's well regarded in the industry and s
correspondence sent us this summary of tuesday's trading from the frankfurt stock exchange -- our correspondent said us this summer. >> some shares were strongly in demand while others found themselves deeply on the downside. some of the tightening rules might make strong banks even stronger, and that banks could profit which have many corporate clients and many international clients. stock market in general this tuesday managed to recover somewhat from the losses of the beginning of the week, also due to positive economic data. the german engineering sector managed to post a significant increase of factory orders again. >> a look now at the raw numbers from the markets. the dax ended the day of a bit, more than 0.3%. euro stoxx 50 rose nearly a full percentage point. the dow jones is up 0.87%, and the euro is trading against the dollar at $1.3579. >> the u.s. justice department is suing standard and poor's for its alleged role in the 2008 financial crisis. wall street investors say they were expecting the move. in 2007, the ratings agency made its fortune by giving high credit ratings to worth
. [laughter] was marriage offers us all is a lifelong partner to share our journey, a loving, stable relationship to strength a nice and a mutual support throughout our lives. i believe this is something that should be embraced by more couples, feeling, love and commitment is no difference between same-sex couples and opposite not couples. this enables society to recognize that commitment in the same way through marriage. parliament should value people equally and a lot and enabling same-sex couples to marry removes the current differentiation and distinction. there's no single view on equal marriage from religious organization. some are deeply opposed, others tell us they see this as an opportunity to take that to a wider community. [inaudible] >> will the right honorable lady give a guarantee that if this bill becomes law, no religious denomination, no place of worship, no clergymen or equivalent in other religions will be forced by legal action in the chorus or the community to carry out weddings without their wishes? >> the honorable judge gimenez preempted the later parts of my
. >> welcome to "morning joe." it's tuesday, february 5th. with us senior political analyst mark halperin. >> i was going to do a three thumb fight but willie wasn't up for it. >> i'll beat you that on any day. msnbc analyst and visiting professor harold ford junior. >> good morning. >> it was funny stuff last night. >> it was funny except it's not fun funny. i guess he had to address all of david letterman's jokes. i interviewed chris christie for my book coming up in may very seriously about his weight and about how much those jokes hurt him. i guess he felt he had to do that to sort of, you know, break the ice with letterman. >> what do you mean those jokes hurt him? >> they hurt his feelings. >> i want to see another clip and see how hurt he is? he handles it very well. >> do you have family members who are also heavy? >> no. i'm the guy. >> you are the guy. >> i'm the guy. >> how is your health sxwlmpt if you went to a doctor today, what would the doctor say? >> startlingly good. >> how is your cholesterol? >> my cholesterol is normal, believe it or not. >> that's pretty good. >> what abou
balloon who remains in a hospital in luxor being treated. >> ayman mohyeldin in cairo for us. thank you. now here's matt. >>> a second blizzard to hit the heartland in about a week. the weather channel's mike seidel is in wichita, kansas. mike, deja vu all over again. >> yes, sir. the second biggest snowfall on record. now the snowiest month in 125 years but the texas panhandle was hammered yesterday, buried under a lot of snow. amarillo had 19," making it their snowiest day on record. howling wind and blinding snow are posing huge problems for motorists in the texas panhandle. several roads are impassable because of whiteout conditions. 12 to 18" of snow and drifts as high as six feet are reported. the national weather service calls the texas blizzard crippling and historic. folks in western oklahoma are bringing out their shovels and struggle with the wind. the oklahoma highway patrol is telling all nonessential personnel to stay home until tomorrow. in the nation's heartland a lot of people are saying here we go again. a second round of heavy snow in less than a week is bearing down
.wgbh.org and applause] >> jon: that's our show. join us tomorrow at 11:00. here it is your moment of zen. >> if you want to protect yourself get a double barrel shotgun. put it and fire two blasts outside the house. i promise you who is coming in is not -- you don't need an ["the colbert report" theme music playing] [cheers an captioning sponsored by comedy central ( cheers and applause ) [crowd chanting stephen] >> stephen: welcome to the report, everybody. good to have you with us. please, nation, sit down. as an american i don't like to talk about other countries that are not us. with their crazy names -- "notamerica-stan." [laughter] but tonight, every single story i will be reporting on comes from another country. i'm not happy about it either. blame the u.n. [laughter] first up, a story that is rocking theworld of meat. >> the united kingdom's meat industry is in disarray after horse meat was discovered in products intended for humans. >> food giant nestle suspending some of its deliveries after traces of horse dna were found in the meat. >> stores in britain, france and sweden now yanking beef pr
talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring us up to speed on the morning's top stories. steve? >> thank you, michelle. disney posting better than expected earnings and revenues after the bell. the company says it expects the next few quarters to be better on a stronger lineup of films and growing attendance at its theme parks. ceo bob iegory was on cnbc's "closing bell." >> you had a lot of ins and outs. basically, the trendser good. we had strong results at our domestic parks. the bookings have been pretty solid. advertising was okay. and generally speaking, our business performed well. and our interactive media group was profitable for the quarter. that's the first time the group has been profitable since we've been breaking it out. >> shares rising on the news late yesterday. up 39 cents, 0.72%. we'll talk more about disney with barclay's
is that if you look at the next ten years, most of it will be caused by things we care about. >> all of us are invested in this democracy. we are to the going to have parts of our community succeed and parts fail. if government fails, we all fail. >> we don't trust government. but we need government. and government is us, when you come right down to it. those folks in washington weren't landed there from mars. they were elected by us. >> it's a complex problem. people want quick answersment but the fact is that there aren't quick answers. >> these aren't things that can be fixed in election cycle. and the question is do we have the political leadership that is willing to invest that way. >> rational thinking leads to one thing, conclusions. and conclusions are not going to solve the debt problem. emotions on the other hand leads to another thing, action. okay. and we need to take action about the debt in the u.s. we need to change. >> we're going to pass on to our kids a less prosperous nation where they will have a lower standard of living, a massive debt they can't afford to pay off and
uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanctions are costing around $40 bill
us at twitter.com/booktv. >> you're watching booktv. next, jeffrey engel talks about his book, "into the desert," a collection of essays by journalists, government officials, and scholars that look back on the events in the impact of the 1990-91 gulf war. it's about an hour 20 your. >> doctor jeffrey engel is the founding director of the presidential history project at southern methodist university, until the summer of 2012, he served as the class of 52 a.m., professor at texas a&m university in the bush school. so we are pleased there here as well. that you very much for the support you've given to jeffrey engel and to the bush school in texas and them. when jeff was in texas a&m county was the dreck of programming for the institute and is a graduate of cornell university. additionally, studied at saint catherine's college, oxford university, and received his ph.d in american history from university of wisconsin at madison. he served as an postdoctoral fellow in international security studies at yale university. his books include "cold war at 30,000 feet,." he received a pretty sign
] >> stephen: welcome to the report, everybody. good to have you with us. please, nation, sit down. as an american i don't like to talk about other countries that are not us. with their crazy names -- "notamerica-stan." [laughter] but tonight, every single story i will be reporting on comes from another country. i'm not happy about it either. blame the u.n. [laughter] first up, a story that is rocking theworld of meat. >> the united kingdom's meat industry is in disarray after horse meat was discovered in products intended for humans. >> food giant nestle suspending some of its deliveries after traces of horse dna were found in the meat. >> stores in britain, france and sweden now yanking beef products off the shelves over a horse meat scare. >> burger king admits some of its patties in england and ireland were tainted with horse meat. >> stephen: someone in europe is trying to slip you their tainted meat, and for once it's not silvio burlesconi. [laughter] he has been known to yank his meat off the shelves: 4r5 h- [laughter] now, everyone in europe is worried that they may be bit
will join us with the latest from power outages to grounded flights. then, of course, there is the topics of the markets. earnings season is winding down. only 53 s&p 500 companies set to report. one event to watch, janet yellen is scheduled to speak on the economy today and our guest host this hour will be the former managing director at pimco. he's currently the share of global societies of fellows. and also we have rebecca patterson. we've got a lot to did you discuss with them. before we do that, we're going to head over to michelle who has the morning headlines. >> thank you for that, andrew. usair and nmr are set to meet. boeing completed what it called a, quote, uneventful test flight of the 787 dream liner on saturday. it was the company's first test since the airlines were grounded more than three weeks ago. >>> carnival cruise ship in the gulf of mexico will need to be towed to port. carnival's triumph, as it was called, was heading back to galveston, texas, when the fire occurred. the ship's extinguishing system kicked in, no injuries were reported. >>> let's get over to ross w
. howard, will you dot honors? [applause] >> u.s. senator, vice president of the united states, nobel peace prize recipient, as cor winner, best selling author, any one of these superlatives alone would be enough to suggest that our next speaker is a force with which to be reckoned, but when combined into one individual, it is evident that al gore is a force of nature. he is always been on the leading edge of promoting the internet as a tool for greater communication, of climate change as one of the greatest perils of our time, and in his latest book, "the future," of the key medical technological, and philosophical drivers checking our world. ever the big picture thinker, al gore explores how we may harness these epic change agents for the good. although his public professionalized had it not been without controversy, his record of accomplishments speak to the life lived on the precipice of passion, purpose, and possibility. on behalf of the savannah book festival, it is by great honor to introduce to all of you al gore. [applause] [cheers and applause] >> thank you very much, thank you. t
viewers? >> you want to use the volatility to find the companies strong free cash flow. like the auto stocks, toyota, emerging markets have been relative underperformers year to nate. buy dong fang motor, make 3 million cars in china every year, a company you can own to play the catch up trade in the emerging markets. >> howard? >> i agree with what sarah said. apple has couldn't come up 4.7 times ebidta. apple is extremely cheap, the stock will be at $600 the next 18 months. buy it again. >> go back to 600. >> you care about all the proposition 2? >> yeah. >> i don't think it's critical >> i think it is a bit of a nuisance. this is a company that's made more money for shareholders in the last few years than the entire rest of the technology industry combined. give them a break. they didn't even have a dividend 12 months ago. >> right or wrong? >> i don't know if he's right or wrong. i think you have to give management a little bit more time. i think that we are going a little too hasty pushing them h i think they will do the right thing, return more cash to shareholders. no question
along with joe kernen and andrew ross sorkin. we're watching the u.s. equity futures at this hour and right now it looks like there are some green arrows. you can see dow futures up by about 50 points in fair value. s&p up by just about 7. joe mentioned the oscars. he was very excited about this. if you went to bed early, here is a recap of the major winners. "argo"'s win as best picture marks the first time since "driving miss daisy" that a film won top prize without its director being nominated. ang lee was best director for "life of pi." three other wins for "life of pi" came for original score, sen ma effects and cinematography. >>> daniel day-lewis took home best actor for his role as lincoln. >>> the best actress went to jennifer lawrence for "silver lining's playbook." and best supporting actress was ann hathaway for les miserables. >>> randall stephenson will be joining us live in about ten minutes. the big news on his company today, gm is switching to at&t from verizon for on-star wireless service. that's beginning with the cars they make in 2015. >>> plus, we have a busy
or a democratic accomplishment. it was an accomplishment we achieved together. the next year we used those surplus tax dollars wisely. we put some in our state savings account, increasing our reserve levels. we used some to increase funding for education, targeting reading and early childhood initiatives. we used a portion of the surplus to cut taxes, to create more jobs by curbing the double and triple taxation in construction and in manufacturing. and we provided a tax credit to help small businesses hire those who deserve jobs the most. our veterans returning from afghanistan and iraq. [applause] we have seen some encouraging signs in our economy. tourism is on the rise. with more growth in visitors to new mexico than was expected in arizona or colorado. we are building our state's strongest-ever relationship with new mexico border governors focusing on developing a border region near santa teresa creating jobs. major companies are once again looking at new mexico. including two companies in the aviation industry that are relocating their headquarters to albuquerque. [applause] the manufacturin
of the millennium was the release. we see a dramatic revival in the use of monumental sculpture and large-scale architecture such as had only been glimpsed in the previous centuries. the cult of saints and the passion for pilgrimage to their shrines were dominant features of medieval culture. one of the most famous was the pilgrimage to santiago in spain. the church was believed to house a sacred rel of christendom-- the bones of saint james, santiago in spanish, one of christ's 12 apostles. from atop the tower at vezelay, you can still make out the old way of saint james, winding its way to spain. it's astonishing to think that hundreds of thousands of men and women made that pilgrimage during the medieval period. they undertook such arduous journeys for a multitude of reasons-- to plead for divine help, to ask for the cure of illness, to give thanks, to ask for penance. but above all they went for the salvation of their souls. to achieve the state of grace conferred by his relics, they traveled great distances on foot... by boat... on horseback... wearinge pical pilgrim'- the hat, the s
investors and ben white, chief economic correspondent at politico. also here with us is david joy. it's great to have all you guys here. phil, why has the rally stalled? >> well, we've gotten out of the gate in terrific shape here. the stock market, the s&p is up about 6% the first six weeks or so of the year. we've got a very constructive full year forecast of 1660 on the s&p, which would be a record high. but we didn't think we were going to go straight there. the reality is that we've had a terrific run. the markets are a little bit tired. you've got some washington-related news coming up over the next month or so. we would expect that this would be a perfect opportunity for, you know, a 3% to 5% pause. and i think we're starting to see that reflected -- >> up to 5% is almost the whole thing. >> well, look, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportun
useful." still, the penny remains in play. for starters, there is the arguable contention that everything will cost more because stores will round up their prices. then there are the pro-penny forces, including a penny preservation lobbying group started by a big zinc company. did we mention that pennies are more than 97% zinc? and there's no political push against the penny. a poll last year funded by the zinc industry showed that even though many americans give away, lose, otherwise ignore penny, 67% want to keep them away. a professor testified in 1990 for the pro-penny lobby. he actually thinks the economic case for getting rid of pennies is stronger now, but he doesn't see it happening under this particular president. >> i can't imagine a former member of congress from illinois is going to lead the way to get rid of the lincoln penny. >> sentimentality aside, abe and his monument are also on the $5 bill, the economic case for a penniless u.s. grows more compelling, giving ex-congressman kolbe hope. >> the polling is very clear that when people find out about the savin
'm not a participant per se, i'm just a spectator, and it's a fun sport. >> thank you. and thank you, michelle. join us tomorrow. "squawk on the street" is next right now. >>> congratulations to grammy winner fun and all the grammy winners from last night. welcome to "squawk on the street." i'm carl equipment a nil la with melissa lee, david faber here at the nyse. david cramer is off this week. a busy week it's going to be. europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >>
to use that as a bargaining chip again. we saw how damaging bringing into question the credit worthyness of the government. the fight should not be should we pay the bill? >> there is an interesting question about in retrospect if republicans leveraging the debt limit to get a bill that cut spending by $1 to $2 trillion going forward whether that was worth it? they introduced liquidity risk. if you don't cut spending we're not going to vote for a debt limit increase. it worked. the president agreed to cut the spending by a significant amount. now, would you like that negotiation had resulted from not having made that threat? absolutely. but do you think it would have occurred? there's the difference. i would never be one to advocate that congress should not increase the debt limit. they should. when this came up in the summer of 2011 i wrote that and they put that in the pages of "the initial review." i was arguing against those who say let's look and creating a cash crunch. that is the wrong thing to do. congress has the ability to decide what they want to attach to the legislation. tha
will join us to talk business on and off the diamond coming up at 8:40 eastern time. >>> an interesting mix of topics in rotation today. first, let's get over to andrew with the top headlines. >> thanks. >>> boeing reportedly found a way to fix battery problems with its grounded 787. here's what's happening. involves increasing the space between cells in the battery. a source tells reuters the gaps between the cells were why there was overheating. we'll talk about that in a bit. >>> in other news on boeing, the company's engineers are split on a contract. the largest professional group approved the planemaker's latest contract offer. but members of a smaller technical union are rejecting it. both groups authorized the union to call a strike. the groups negotiate together. but the contracts are separate. so talks are set now to resume. and no work stoppage is expected. at least in the near term. >>> also in the news, the fbi says it's now looking into alleged insider trading in the options of heinz for its acquisition by berkshire hathaway and 3g capital. the sec filed suit against unknown t
they're using them as animal beds, like dog beds and everything. they're just really hot. and this one is really nice because of the exotic skin. i was ecstatic with the price i got this evening. quinn: sold, $325. john: an early carpenter's toolbox with all the tools. early 1900s, look at the auger bits. and they're works of art themselves, they're fabulous. everything in this. somebody has either lovingly cleaned it up or it's been kept this way. that's fabulous. is this the way you found it? kurt sanftleben: it is, it is. the guy who had this, he took exceptional care of his tools. i got this at a country auction about six months ago. i didn't clean anything. i wiped off the box. wow, a man who takes care of his tools. so how many pieces total are in this? about 24, 25. 24, 25 pieces. not counting the individual pieces. i think most of the stuff dates from the early 1900s to 1920s, '30s. yeah, i figured 1900, 1920. the saws are about 1930. what do i have on it? you've got eight bills on it. i've got $800 on it? i have a lot of people want to buy tools out of it. oh, no
raising annual profit guidance on the weaker yen and stronger u.s. sales. elsewhere in china, the shanghai managed to end in the green for the eighth straight session. property developers saw profit-taking on fears of new curbs, but brokerages staged a strong rebound after losing over the past two days. >>> the hang seng rebounded from its one-month low, ending higher by about .5%. many blue-chip name gained ground. but gaming stocks tumbled after the "times" in the u.k. reported beijing is set to crack down on junket operators bringing in high rollers to the mainland. the move continues the fight against corruption and money laundering. >>> elsewhere, south korea's kospi bucked the upward trend, ending lower by about .1%. australia's asx 200 climbed to a 21-month high, ending higher .8% helped by gains in miners in banks. india, action trading flat. back to you. >> all right. thank you very much for that. that's where we stand. >> of course in the case of the nikkei, jumped -- an extraordinary move. you have to wonder, i haven't heard people ruling out hitting levels of 2,000 again. if yo
, says keep every dollar cash on your balance sheet but use the free cash flow, paid out a dividend on the free cash flow, the stock would go up 50%. >> bill miller the past 24 hours, bethany mcclaine -- >> $200 -- >> marco rubio is out this morning on twitter saying the number of chargers is driving him crazy and moving closer to samsung. >> his response in the state of the union. >> i think time for a congressional investigation into the most successful company on earth. it's really time to -- house on american activities committee part two. >> briefly stated this idea that einhorn and bryce said he has brought up the company they considered and punted on is the idea of issuing, at no cost, a perpetual per pre-ferred to stock to exsig hold hearse pay you about a 4% yield. said another way, around 25 multiple, right, 4% yield, you can back in on an eight multiple stock. >> a blended multiple pullup? >> yielding 4%. >> maybe the part we are not paying enough greed dense to is the fact that he maintains his position, einhorn, owns more now than he says he ever has. >> didn't help his
you think of our programming this weekend. you can tweak us on booktv, comment on our facebook call or send us an e-mail, booktv, nonfiction books every weekend on c-span2. >> now on c-span2 we bring you booktv, 48 hours of nonfiction authors and books. here are some programs to look out for this weekend. at 5:00 p.m. eastern, ben shapiro argues liberals believe their competition discouraging political debate. at 2:00 a.m. michele alexander opines that policies from the 70s for and acted to push back gains made during the civil-rights movement. on sunday with recent policy debates on immigration we bring you stories from immigrants who share their experiences on booktv at 4:00 p.m. eastern. at 11:00 p.m. sunday melvin goodman argues the government is spending excessively on defense making us less secure. watch these programs and more all weekend long on booktv. for complete schedule visit booktv.org. up next on booktv cita stelzer talks about the dinner hosted by winston churchill during and after world war ii which were used to persuade world leaders to adopt his position on variou
. a nightmare scenario for the u.s. the united nations now estimates that 70,000 people have been killed in the fighting, though no one really knows. a u.n. commission called for war crimes investigations of both sides. assad's government, which has sought to crush the rebellion, and the rebels, who are seen as warlords, gangsters, and religious fanatics who regularly post videos of beheadings and other atrocities on youtube. damascus is quiet. no one really walking around. 5 million people hunkered down as the terrible war that's tearing their country apart has arrived here. in fierce battles raging in the city's suburbs. syria's many minorities live in terror of jihadist takeover of their country. before we came here, we visited christian refugees from syria who fled to beirut. they said they were forced out of their villages by muslim fundamentalists, ethnically cleansed. they supported the rebellion at first, but not now. they lost their homes, their communities, their way of life. we lived free as christians, this man tells us, putting up christmas trees and decorations. but now we
martha: we're working on getting more information on u.s. gold medalist lindsey vonn. she is a four-time world champion. the event that was going on in austria, she had a crash. she said it was very foggy. it was delayed a couple hours. three out of the other four top racers did not finish the race. on the left-hand side of the screen you can see her being airlifted. when she got up, she stumbled. they think it is a right knee injury. she was in very dramatic fashion airlifted out of there hopefully we will get you video. she is a awesome skier. incredible one. >> that will do it for us. and "happening now" begins right now. martha: bye, guys. jenna: right now brand new stories and breaking news. jon: drivers beware. gas prices on the rise again, hitting numbers we've never seen this time of year. any relief in sight? >>> plus a dramatic ending to a hostage standoff that gripped the nation. the police storm an underground bunker to save a little boy two days before his sixth birthday. we'll tell you how he is doing today. >>> a bizarre ruling from the bench that is father of four ca
is productivity and that sounds great because that's what the u.s. needs to get out of this issue. the problem is who is going to be the buyer and how is that going to work out with the currency wars? at some point we ask for, have a weak dollar, which active in the next country can buy the same machines and shop in barcelona, see the local market. are we looking at that end of the equation in terms of the offtake as they say in biofuels? >> well, there's a famous economist in the 1800s called jean baptiste say that man creates its own demand and that is certainly true, particularly in this case. as companies become more perfect is come at cheaper the kind cheaper. so we don't have the worry about somehow people will want things. we have about $45,000 in this country and i guarantee you the vast majority people would rather have a median income of $200,000 for 400,000 or a million and that's just us. in terms of currency, currency is a problem. fundamentally we cannot become our project even innovative is a country, were not going to get access to these markets. why is the german philosophy as
to bement and i couldn't put my finger on what that uncertainty is. and that lead us into a deep dive not numbers. that's who we are. we are a numbers company, very data oriented. and we did a deep dive. and the numbers are stunning. >> rose: we conclude with adam posen, president of the peterson institute. >> for those there are sort of two things, the real versus the monetary, the you have to suffer for your sins versus you have to stop the panic. those are in the sense would be the two schools. >> rose: you're in favor of stopping the panic. >> absolutely. >> rose: and not suffering for your sins to you. >> it to the a morality play f you want to do a morality play we can do lots of things like putting bankers in jails and thing like that but not at the macro level no one is being recorded rdz but most people understand we need entitlement reform and it ought to be on the table. >> absolutely. >> rose: mish phenomenon-- fishman and pos enwhen we continue. >> funding for charlie rose was provided by the following: additional funding provided by these funders:. >> from our studios in
. and if you missed any part of today's show, find us on itunes. search "state of the union." "fareed zakaria: gps" is next. >>> this is "gps," the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. we have a great show for you today and we begin with american politics. what is really happening? are the republicans on the defensive? will the automatic budget cuts happen? is there any chance of legislative deals? we have a great panel, paul krugman, mort zuckerman, arianna huffington, and ed conard. >>> then something special. an exclusive interview with the richest man in india, the second richest man in all of asia. mukesh ambani. why he's bullish on america. it was the first time television cameras were ever allowed in his extraordinary mansion in the sky. >>> then, everyone is worried about the arab spring. i talked to the leaders of five arab governments to get some answers. and a fascinating internal power struggle in iran and what it means. but first here's "my take." one of the great political debates in washington and around the
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